Compound Annual Growth Rate (CAGR) stories - Page 3
SMT market to reach USD$16.8 billion by 2034 – FMI
Wed, 19th Jun 2024
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uc
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ai
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healthtech
The surface mount technology market is set to soar, driven by advances in electronics, healthcare, telecom, and automotive sectors.
APAC tech spending to surge to USD $710 billion in 2024
Tue, 18th Jun 2024
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ai
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it services
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cagr
Tech spending in APAC is set to rise by 6.4%, totalling USD $710 billion in 2024, driven by AI and cloud tech. Key players like China, India, and Australia are leading this growth.
Global HealthTech market projected to reach USD $33.1 billion by 2034
Tue, 18th Jun 2024
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ai
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healthtech
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modernisation
The HTM market, valued at USD $8.2 billion in 2024, is predicted to hit USD $33.1 billion by 2034, driven by advances in medical tech and efficient equipment management.
IoT logistics market to reach USD $125.9 billion by 2031
Thu, 6th Jun 2024
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drones
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cx
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martech
The IoT logistics market is forecast to soar, reaching USD $125.9 billion by 2031, driven by advancements in real-time tracking, predictive maintenance, and supply chain optimisation.
Neat launches Neat Center in Australia & New Zealand
Thu, 6th Jun 2024
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ai
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hybrid & remote work
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video conferencing
Norwegian firm Neat launches its Neat Center in Australia and New Zealand, as hybrid work fuels demand for advanced video conferencing tech priced at USD $2,290.
Colt announces expansion strategy into six new Asian markets
Thu, 6th Jun 2024
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network infrastructure
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sd-wan
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hyperscale
Colt Technology Services is set to invest EUR €100 million to expand into six Asian markets, aimed at boosting digital infrastructure and cloud adoption in the APAC region.
AI smartphones set to transform mobile industry by 2028
Wed, 29th May 2024
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smartphones
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data privacy
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personal computing devices
AI-capable smartphones are set to transform the mobile industry, with 54% expected to integrate AI by 2028, driving new competitive and revenue strategies.
AI in media & entertainment market to reach USD $51.37 billion
Wed, 29th May 2024
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data analytics
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digital transformation
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digital entertainment
The artificial intelligence in media and entertainment market is set to rise from USD $10.24 billion in 2024 to USD $51.37 billion by 2034, driven by a 17.5% CAGR.
Westcon-Comstor reports 8% revenue rise to USD $3.69 billion
Tue, 28th May 2024
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cybersecurity
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westcon-comstor
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financial results
Westcon-Comstor reports an 8% revenue increase to USD $3.69 billion for FY24, driven by recurring revenues and growth in cybersecurity and networking sectors.
Australia leads Asia Pacific in AI innovation & growth
Tue, 21st May 2024
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datacentre infrastructure
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ai
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edge ai
Australia’s AI innovation surpasses Asia Pacific, buoyed by strong tech infrastructure and initiatives like the brain-scale supercomputer DeepSouth.
Unified communications market to expand to USD $187.6 billion by 2031
Tue, 21st May 2024
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uc
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digital transformation
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cybersecurity
New research reveals the global unified communications market will soar from USD $48.1B in 2021 to USD $187.6B by 2031, driven by digital transformation and remote work trends.
AI set to revolutionise the pharma & biotech industries
Fri, 17th May 2024
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data analytics
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data privacy
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ai
A new report forecasts AI in pharma and biotech markets to surge from US$ 1.8 billion in 2023 to US$ 13.1 billion by 2034, driven by an 18.8% CAGR.
Digital last-mile platform market forecast to reach $21.7B
Thu, 16th May 2024
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supply chain & logistics
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healthtech
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transparency market research
The Digital Last-Mile Platform Market is set to soar, growing from $6.4 Bn in 2022 to an estimated $21.7 Bn by 2031, driven by eCommerce expansion.
Network access control market predict strong growth by 2032
Wed, 1st May 2024
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network infrastructure
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casb
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extreme networks
DataHorizzon Research predicts a surge in the Network Access Control Market from USD $2.9 billion in 2023 to USD $14.5 billion by 2032, fuelled by rising cybercrime and increasing network security concerns.
Chatbot market set to surge to $4.9 billion by 2033 says FMI
Mon, 22nd Apr 2024
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uc
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cx
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martech
Chatbot market set to surge, projecting USD $4.9 billion growth by 2033, fuelled by customer engagement focus and widespread industrial adoption.
Cellular IoT module market set to rebound in 2024 after 2023 dip
Wed, 17th Apr 2024
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edge computing
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iot
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analyst report
Despite a 16% drop in cellular IoT module and chipset shipments in 2023, the market is expected to recover by 2024, driven by rising uptake of AI-enabled cellular IoT modules, finds a new report.
Sapro-Tech forms strategic partnership with top NZ fashion firms
Tue, 16th Apr 2024
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cleantech
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sustainability
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climate change
NZ firm Sapro-Tech forms strategic alliances with leading fashion brands SABEN, taylor, Velvet Heartbeat, and YY NATION, promoting sustainable materials derived from fungi.
Exclusive: How Fluent Commerce is shaking up the OMS industry
Mon, 15th Apr 2024
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martech
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commerce systems
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ai
In an exclusive, Fluent Commerce's Chief Strategy Officer, Jamie Cairns, illuminates how the Australian firm is revolutionising how global businesses manage orders and inventory.
5G services market projected to exceed $919.4bn by 2031
Mon, 15th Apr 2024
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uc
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network infrastructure
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smart cities
The global 5G services market set to skyrocket beyond USD 919.4bn by 2031, boasting an impressive CAGR of 30.8% and transforming the digital landscape.
Electronic Design Automation software market to hit $11.2bn
Fri, 5th Apr 2024
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smartphones
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wearables
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personal computing devices
Global Electronic Design Automation software market expected to exceed US$11.2bn due to increased adoption of IoT devices.